Examlex
Ratings are estimated based on data collected by
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to govern financial reporting.
Current Cost
The cost that would be incurred to replace an asset or to purchase an equivalent asset at the current time.
Management Discretion
The degree of flexibility and judgement allowed to managers in making decisions and choices impacting the company's operations and performance.
FIFO
An inventory valuation method where the first items placed into inventory are the first ones sold (First In, First Out).
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